SBA Communications (SBA Communications) Dividend Payout Ratio

: 0.53 (As of Dec. 2023)

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SBA Communications's dividend payout ratio for the months ended in Dec. 2023 was 0.53.

The historical rank and industry rank for SBA Communications's Dividend Payout Ratio or its related term are showing as below:

SBAC' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.46 Med: 0.59 Max: 2.66
Current: 0.57

During the past 13 years, the highest Dividend Payout Ratio of SBA Communications was 2.66. The lowest was 0.46. And the median was 0.59.

SBAC's Dividend Payout Ratio is ranked better than
85.77% of 562 companies
in the REITs industry
Industry Median: 1.015 vs SBAC: 0.57

As of today (2024-04-16), the Dividend Yield % of SBA Communications is 1.84%.

During the past 13 years, the highest Trailing Annual Dividend Yield of SBA Communications was 1.84%. The lowest was 0.15%. And the median was 0.70%.

SBA Communications's Dividends per Share for the months ended in Dec. 2023 was $0.85.

During the past 12 months, SBA Communications's average Dividends Per Share Growth Rate was 19.70% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 22.30% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of SBA Communications was 56.60% per year. The lowest was 22.30% per year. And the median was 39.45% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

SBA Communications Dividend Payout Ratio Historical Data

The historical data trend for SBA Communications's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

SBA Communications Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

0.46

2.66

0.78

0.59

0.55

SBA Communications Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio																0.63	0.75	0.40	0.76	0.53

Competitive Comparison

For the REIT - Specialty subindustry, SBA Communications's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

SBA Communications Dividend Payout Ratio Distribution

For the REITs industry and Real Estate sector, SBA Communications's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where SBA Communications's Dividend Payout Ratio falls into.

SBA Communications Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

SBA Communications's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	3.4	/	6.201
	=	0.55

SBA Communications's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	0.85	/	1.608
	=	0.53

SBA Communications (NAS:SBAC) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

SBA Communications Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of SBA Communications's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

SBA Communications (SBA Communications) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » SBA Communications Corp (NAS:SBAC) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

4SB:Germany 4SB:Germany

Address

8051 Congress Avenue, Boca Raton, FL, USA, 33487

Website

https://www.sbasite.com

SBA Communications owns and operates almost 40,000 cell towers throughout North America, South America, and Africa. It leases space on its towers to wireless service providers, who install equipment on the towers to support their wireless networks. The company has a very concentrated customer base, with most revenue in each market being generated by just the top few mobile carriers. The company owns more than 17,000 towers in the U.S., which accounted for about three fourths of the company's total revenue in 2022. Internationally, SBA's greatest presence is in Brazil, where it operates roughly 10,000 towers. SBA operates as a real estate investment trust, or REIT.

Executives

Jason V Silberstein	officer: Vice President-Property Mgt
Brian D Lazarus	officer: VP & Chief Accounting Officer	5900 BROKEN SOUND PARKWAY, NW, BOCA RATON FL 33487
Steven E Bernstein	director, 10 percent owner, officer: Chairman	C/O SBA COMMUNICATIONS CORP, ONE TOWN CENTER ROAD - THIRD FLOOR, BOCO RATON FL 83486
Mark R Ciarfella	officer: SVP ?? Operations	C/O SBA COMMUNICATIONS CORPORATION, 5900 BROKEN SOUND PARKWAY NW, BOCA RATON FL 33487
Joshua Koenig	officer: Executive VP/General Counsel	C/O SBA COMMUNICATIONS CORPORATION, 8051 CONGRESS AVENUE, BOCA RATON FL 33487
Jeffrey Stoops	director, officer: Chief Executive Officer & Pres	SBA COMMUNICATIONS CORP, ONE TOWN CENTER ROAD THIRD FLOOR, BOCA RATON FL 33486
Krouse George R Jr	director	C/O SBA COMMUNICATIONS CORPORATION, 5900 BROKEN SOUND PARKWAY, NW, BOCA RATON FL 33487
Kevin L Beebe	director	ONE ALLIED DRIVE, LITTLE ROCK AR 72202
Marc Montagner	officer: EVP - Finance	C/O ENDURANCE INT'L GROUP HOLDINGS, INC., 10 CORPORATE DRIVE, SUITE 300, BURLINGTON MA 01803
Laurie Bowen	director	C/O SBA COMMUNICATIONS CORPORATION, 8051 CONGRESS AVENUE, BOCA RATON FL 33487
Amy E Wilson	director	2211 H.H. DOW WAY, MIDLAND MI 48674
Richard M Cane	officer: EVP; Pres. - International	C/O SBA COMMUNICATIONS CORPORATION, 8051 CONGRESS AVENUE, BOCA RATON FL 33487
Duncan Cocroft	director	9 WEST 57TH STREET, 37TH FLOOR, NEW YORK NY 10019
Jay Lecoryelle Johnson	director	C/O DIAMONDROCK HOSPITALITY COMPANY, 2 BETHESDA METRO CENTER, SUITE 1400, BETHESDA MD 20814
Kurt L Bagwell	officer: Chief Operating Officer	SBA COMMUNICATIONS CORP, 5900 BROKEN SOUND PKWY, BOCA RATON FL 33487